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Zilliqa / TetherUS PERPETUAL CONTRACT

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ZILUSDT.P trade ideas

Zilliqa cup and Handle on the dailyZilliqa has been in a long period of consolidation and has formed a cup and handle on the daily. A diagonal trendline is currently acting as resistance and if we can get a nice green candle with some volume to break above it and the EMA's then I expect we find our way back up to retest the ATH. The overall long term trend is bullish and the market cap is still relatively low. If the market stays bullish we could easily see 5-10x from here over the coming months. Not financial advice.
Long
by OneAutumnLeaf
ZILZIL has formed an interesting setup with the recent bounce back from its consolidation area. By some rare coincidence, the consolidation area and the last MMR band seemed to be on the same price mark. This shows the bull and the bears had a tough fight around this price range, and the bears gave in and couldn't break that band anymore. Good consolidation shows a lot of accumulation also took place in that price range. I am expecting ZIL to attempt a move towards 0.11300 next, followed by 0.12130 resistance. If the price area holds, we may see it try to move towards 0.13400 to flash out the order blocks from its September crash, followed by 0.17800 of May's crash.
by Clara_trader
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